U.S. Bancorp (NYSE:USB) Price Target Raised to $66.00 at TD Cowen

U.S. Bancorp (NYSE:USBFree Report) had its target price increased by TD Cowen from $65.00 to $66.00 in a report published on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the financial services provider’s stock.

USB has been the topic of a number of other reports. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial raised their price target on U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday. Citigroup upped their price objective on U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 17th. The Goldman Sachs Group set a $52.00 price target on shares of U.S. Bancorp and gave the stock a “neutral” rating in a report on Friday, October 17th. Finally, UBS Group boosted their target price on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.95.

Check Out Our Latest Stock Report on USB

U.S. Bancorp Stock Performance

Shares of USB stock opened at $55.50 on Wednesday. The stock’s 50-day moving average is $52.23 and its two-hundred day moving average is $48.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $56.19. The firm has a market cap of $86.28 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.94 and a beta of 1.07.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 17.66%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.60%.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors and hedge funds have recently modified their holdings of USB. Norges Bank bought a new position in shares of U.S. Bancorp in the second quarter worth $971,285,000. Davis Selected Advisers boosted its stake in U.S. Bancorp by 29.8% during the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock valued at $874,757,000 after purchasing an additional 4,442,623 shares in the last quarter. SG Americas Securities LLC increased its position in shares of U.S. Bancorp by 3,451.9% during the 4th quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after purchasing an additional 4,210,676 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of U.S. Bancorp by 1,589.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock worth $157,119,000 after buying an additional 3,266,724 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of U.S. Bancorp by 354.5% in the second quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after buying an additional 2,227,103 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Trending Headlines about U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

About U.S. Bancorp

(Get Free Report)

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

See Also

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.